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प्रश्न
State whether demand for the following goods is elastic or inelastic?
- car
- textbooks
- cigarettes
- diamonds
- milk
- seasonal vegetables
- coal
- Dawat basmati rice
- needles
- colour T.V.
उत्तर
| Elastic | Inelastic |
| car | textbooks |
| milk | cigarettes |
| coal | diamonds |
| Dawat basmati rice | seasonal vegetables |
| colour T.V. | needles |
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संबंधित प्रश्न
Explain the Ratio or percentage method of measuring price elasticity of demand.
Complete the correlation.
Ratio method : Ed = `(% Delta "Q")/(%Delta"P"):: "______" : Ed = ("Lower segment")/("Upper segment")`
Complete the correlation :
Ratio method : Ed = `(%Delta"Q")/(%Delta"P")` :: ______ : Ed = `"Lower segment"/"Upper segment"`
Complete the correlation:
Ratio method: Ed = `(%\Delta"Q")/(%\Delta"P")`:: ______ : Ed = `("Lower segment")/("Upper segment")`
Ratio method : Ed = `(%DeltaQ)/(%DeltaP)` :: ______ : Ed = `("Lower segment")/("Upper segment")`
If demand increases by 50% due to an increase in price by 75%, calculate the price elasticity of demand.
If the percentage increase in the quantity of a commodity is smaller than the percentage fall in its price, the coefficient of price elasticity of demand is ______.
When % change in demand is greater than % change in price, it is a case of inelastic demand. Write true or false. Give reason.
Arrange the following coefficients of price elasticity of demand in ascending order.
−0.87, −0.53, −31 , −0.80
Study the statement given below and state whether demand will be elastic or inelastic, citing reasons for your answer.
Demand for cigarettes by a habitual smoker.
